XTB Review – An X-Treme Broker if you know where to look

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"XTB offers traders some of the best market access, pricing and trading tools including the ability to invest in the long-term alongside their short-term speculation."
Richard Berry
Richard Berry
Good Money Guide Founder

XTB Customer Reviews

4.6

136 Good Money Guide reviewers have given this provider an average rating of 4.6 out of 5 based on their genuine experience.

Excellent77%
Very good12%
Average7%
Poor2%
Terrible2%

Leave a review and tell us what you think to help others make more informed financial decisions.

Best Trading platform

21st October 2024

Best trading platform in term of execution and market updates.

Mohamed

It offers everything I need

21st October 2024

I find the platform easy to use and it has everything you need. I have created my own Investment Plan and I invest in stocks. Not much of a risk taker myself. I have spoken to the account managers a few times too. They are super helpful and there to answer any questions you have. The platform has gotten better over the years and has definitely improved. Overall it offers everything I need.

Spiros
Verified

I like it

21st October 2024

I had a great experience with XTB! The platform is easy to use, and I love the variety of trading options available. Their customer support is fantastic—always quick to help when I have questions. Plus, the educational resources are super helpful for improving my trading skills. Overall, I highly recommend XTB for anyone looking to trade!

Wendy
Verified

Very good CFD broker

20th June 2024

Very good CFD broker

Oyedeji Jaiyeola

Solid in web browser

19th June 2024

Solid in web browser

Ian Day

Considerable

11th June 2024

Considerable

Ussumane Sauane

n/a

7th June 2024

n/a

Miroslaw Jankowski

Very good, no…

29th May 2024

Very good, no requotes

Mark

short experience trading CFD’s -…

25th May 2024

short experience trading CFD’s – expensive and confusing

John Pilkington

I get a quick response…

24th May 2024

I get a quick response from support

Maheshkumar Haria

Generally ok

23rd May 2024

Generally ok

Adel Fouad

Bad

22nd May 2024

Bad

Bartlomiej Ogorek

the best investment platform, one-stop…

20th May 2024

the best investment platform, one-stop shop, good for all types of instruments and all types of investments

Razvan Topa

Waw

20th May 2024

Waw

Nasira khattab

outstanding, user friendly platform…

20th May 2024

outstanding, user friendly platform

jack

Great customer support, cheap and…

20th May 2024

Great customer support, cheap and easy to use

Alex Butler

easy, intuitive, fast , execution…

20th May 2024

easy, intuitive, fast , execution time on point

lucia

0% commission on stocks is…

20th May 2024

0% commission on stocks is great

James M

the best

20th May 2024

the best

Francesco Caruso

3/5

26th February 2023
GMG Awards Voter: [118253523995]

75% of retail investor accounts lose money when trading CFDs with this provider

XTB – Good Money Guide’s Expert Review

XTB Review
Good Money Guide Recommended 2024

Name: XTB

Description: XTB is a CFD and forex broker headquartered in Poland and listed on the Warsaw Stock Exchange (WSE:XTB) valued at over $1bn.  XTB was founded in 2003 and offers forex, indices, commodities, ETF and stock CFD trading. XTB has historically used celebrity endorsements to promote it’s brand including Jose Mourinho, Conor McGregor, Joanna Jędrzejczyk and Jiří Procházka.
75% of retail investor accounts lose money when trading CFDs with this provider

Summary

XTB, are a decent all-round trading platform and a good choice for most small-to-medium sized CFD traders. They are publically listed in Poland and offer, competitive spreads on a fairly wide range of markets.

The key things to focus on when considering trading with XTB are:

  1. They have their own proprietary trading platform. When I interviewed Omar Arnaout, the XTB CEO Omar Arnout, he said “I’m really proud of our platform and honestly believe it’s one of the best in the market.” Rightly so.
  2. They really push client education, XTB won “Best Trading Platform Education” in our 2023 awards (although they didn’t show up to collect the trophy, they never do). You can read their Q&A on forex education here.
  3. Customer service is paramount. Omar said that “first and foremost is the customer service”. I really agree with this as I think it’s important to have a few different trading accounts (diversify, diversify, diversify) and you’ll trade more with the broker that treats you best.

Pros

  • Publically listed
  • Mulitple platform choices
  • Innovative order types

Cons

  • Not UK based
  • No DMA
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4

Our XTB Ratings Explained

  • Pricing: Industry standard and inline with tight spreads
  • Market Access: Getting better all the time as XTB embrace long-term investing
  • Platform & Apps: Very good, with some really innovative features and integrations
  • Customer Service: Industry standard.
  • Research & Analysis: Lots of educational ‘masterclasses’ built-in.

75% of retail investor accounts lose money when trading CFDs with this provider

XTB Facts & Figures

Total Markets2,100
➡️Forex Pairs57
➡️Commodities22
➡️Indices25
➡️UK Stocks230
➡️US Stocks1080
➡️ETFs138
Broker specifics
👉Active ClientsOver 447,000
💰Minimum Deposit0
❔Inactivity Fee10EUR per month
📅Founded2002
ℹ️Public Company✔️
Account Types
➡️CFD Trading✔️
➡️Forex Trading✔️
➡️Spread Betting
➡️DMA (Direct Market Access)
➡️Futures Trading
➡️Options Trading
➡️Investing Account
Average Costs
➡️FTSE 1001.7
➡️DAX 301
➡️DJIA3
➡️NASDAQ1
➡️S&P 5000.5
➡️EURUSD0.9
➡️GBPUSD1.4
➡️USDJPY1.4
➡️Gold0.35
➡️Crude Oil3
➡️UK Stocks0.08%
➡️US Stocks0.08%

XTB Forex Trading Platform

Are Xtrade and XTB connected?

No – XTB & Xtrade are two completely separate trading companies. XTB is a popular forex and CFD broker. Through its platform, you can trade a range of financial instruments, including currencies, stocks, ETFs, indices, and commodities. Who is XTB? XTB is a trading company that has been around for a few decades now. Today,

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XTB retirement account

XTB retirement account launched as it grows multi-currency card

XTB has introduced individual retirement accounts for investors in Poland as it seeks to grow its share of the European trading market. The Warsaw-listed fintech will also shortly launch a new virtual wallet with a multi-currency card in its home country, according to a report by fintech news website FinanceMagnates on Wednesday. The wallet and

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XTB Forex Trading Platform

Is XTB any good for forex trading?

Yes, we rate XTB as a good forex broker due to their FCA regulation, competitive pricing, robust xStation 5 trading platform and FX education material. You get a little bit more than just point and click when trading forex with XTB. Specifically, XTB produce their own currency news, have an excellent FX heat map function

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XTB signs Zlatan Ibrahimović

XTB signs Zlatan Ibrahimović

Polish multi-asset brokerage XTB announced a partnership with a sporting legend as it welcomed Zlatan Ibrahimović onto its team. Zlatan, as he is known, is a former professional footballer from Sweden who has played at the highest levels of the game. Scoring more than 570 goals and winning 34 trophies during his career. Zlatan played

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XTB retirement account

Is XTB good for CFD trading?

Overall, XTB, is a well-established CFD trading platform with some nice added value that is suitable for most traders. I’ve used XTB on and off now for around five years, and one thing to note is that they are a reactionary broker. In that, they keep adding and removing features based heavily on client demand.

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ISA Offers

Is an XTB ISA on the cards?

XTB the Polish multi-asset broker becomes the latest firm to expand into UK retail investment products. XTB ISA The ISA market in the UK is about to get a new entrant. XTB, the Polish fintech and CFD broker is now authorized to offer Individual Savings Accounts (ISAs) to UK investors. This marks a major expansion

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XTB’s Trading App

Is XTB’s trading app any good?

XTB has some pretty good trading apps. They offer MT4, MT5 and xStation Mobile, for traders to trade on the move. Of those, I would say that XTB’s xStation mobile is very good, especially compared to basic CFD mobile trading apps like eToro. XTB’s trading app provides access to about 2,100 markets through CFDs and

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XTB’s Trading Platform

Is XTB’s trading platform any good?

Yes, as a broker XTB offers access to some very good trading platforms, including their own xStation 5, Metaquotes 5 and MT4. All a safe to use from a compliance point of view as XTB is regulated by the FCA in the UK. XTB’s Xstation5 trading platform is highly customisable and it was clear from

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XTB aims to add ISAs to it’s Investing Plans

Investment Plans allow users to build a personalised portfolio of ETFs that are specifically aligned with their attitudes towards risk and their asset allocation choices. Investors can choose the ETFs that they want to invest in and the amount of capital they want to allocate to each one. As the portfolio grows and develops the

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XTB

Does XTB have a demo account?

XTB has a great demo account that, it’s easy to set up and easy to use. I tried the XTB demo after a long day of testing other (more annoying demos) and it was quite frankly a breath of fresh air. XTB’s demo account lets you around 2,000 markets with £100,000 virtual funds for 30

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XTB Auto Invest Plans

XTB adds auto ETF investing plans for UK clients

XTB investment plans allows UK clients to save and invest regular amounts via a range of ETF-based strategies. Using the service, UK investors will now be able to set up regular payments or contributions to their existing portfolios. Or, for more confident investors, they build new portfolios from scratch, and top them up using a

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XTB

Can you trade commodity futures on XTB?

Can you trade commodity futures on XTB? No, XTB does not offer DMA futures trading, but you can trade commodities as a CFD or invest in physical commodity ETFs. There are two ways to trade commodities with XTB, CFDs on the commodities, or commodity ETF CFDs. The ETF scanner provides quite a handy way to

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XTB

Is it legal to use XTB for indices trading?

Yes, XTB is regulated by the FCA (Financial Conduct Authority) in the UK, so it is safe to trade indices as a CFD with them. One of the good things about index trading with XTB, is that you can see market depth on the sidebar when trading indices. I’ve included that as a screenshot in

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XTB

Is XTB on MT4 or MT5?

XTB offer both MT4 and MT5 for their clients (you can’t trade via MetaQuotes without a broker), but the own xStation 5 platform is much better for the majority of beginner traders. To see how XTB’s MT4 offering compares to other brokers read our review below or see our best MT4 broker guide. XTB MT4

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XTB

XTB adds fractional share trading to its offering

XTB has introduced fractional share trading where clients cane to trade in fractions of a wide range of stocks and ETFs from the UK, European and US markets. Fractional shares are a product which allows investors and traders to own a fraction of an existing stock or ETF. So for example using fractional share trading

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XTB Conor McGregor

XTB, kicking and punching it’s way to $1bn

XTB, with a little help from major sponsorship and partnership deals with fighters like Conor McGregor, and football manager Jose Mourinho XTB is now worth over $1bn. Jakub Zablocki taking profit The Co-founder of XTB Poland’s billion dollar broker announces his intention to sell 6.0% of the compnay. The main shareholder of Polish margin trading

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XTB posts impressive growth in its Q4 earnings release

Warsaw-based Forex platform and CFD broker XTB updated investors with its Q4 earnings this week. Positive news in XTB’s Q4 earnings release Operating income for the quarter jumped by +31.2% on a year over year basis and client numbers grew over the quarter by + 42,760. Which represents a growth rate of 11.30%. XTB managed

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Forex Education – Q&A with Joshua Raymond from XTB

A while ago, we spoke to Joshua Raymond about putting effective trading strategies in place. Now, as XTB seeks to address the forex industry’s negligence when it comes to self-education for traders we do a quick Q&A on XTB educational resources. I suppose the first question is why do you think there is negligence in

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xStation 5 – XTB Launches an Upgraded Mobile Trading App

XTB has recently released an upgraded mobile trading app, with a raft of powerful new features, driven by both client demand and their own in-house innovations team. XTB has always been strongly focussed on customer experience. To optimise their client journey and improve the overall trading experience, they have implemented a series of improvement… To

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XTB FAQs:

Yes, we rate XTB as a good broker and can recommend it based on their pricing, reputation, customer service, regulator status and platform features.

Yes. If you are trading through the FCA regulated entity of XTB your funds are protected by the FSCS. However, it’s important to note that XTB offers CFDs which are a high-risk and volatile way to invest and trade the market.

There is no minimum deposit required to open an account. However, you will need enough funds on account to cover the initial and variation margin of the positions you open.

XTB say it takes one business day to withdraw funds from your account. However, this process may be delayed if you use a different withdrawal/deposit method due to AML regulations.

75% of retail investor accounts lose money when trading CFDs with this provider.
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